functions of statistics .., Basic Statistics

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Mention four characteristics and functions of statistics

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Suppose that permanent income, YP (t) is calculated as the average of disposable income (YD t ) over the past 5 years, that is: YP (t) = 0.2(YD t + YD t-1 + YD t-2 + YD t-3

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compute and interpret sample covariance for the data

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